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Business, 06.08.2021 20:10 millernicholas622

Duval Co. issues four-year bonds with a $109,000 par value on January 1, 2019, at a price of $104,910. The annual contract rate is 5%, and interest is paid semi-annually on June 30 and December 31. 1. Prepare a straight-line amortization table for these bonds.
2. Prepare journal entries to record the first two interest payments.
3. Prepare the journal entry for maturity of the bonds on December 31, 2022 (assume semi-annual interest is already recorded).

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Duval Co. issues four-year bonds with a $109,000 par value on January 1, 2019, at a price of $104,91...

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